7 minute read 30 Jan 2023
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Potential State Policy Impacts of the 2022 Midterm Elections

By Scott Roberti

EY US State Policy Services Leader

Experienced Tax professional with an informed perspective on state tax policy, fiscal matters and business advocacy strategies.

7 minute read 30 Jan 2023
Related topics Tax

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This article was originally published by Tax Analysts. An excerpt is reprinted here with permission.

The 2022 federal and state midterm elections may impact state tax policy in 2023 and beyond.

The 2022 federal and state midterm elections are likely to have state tax policy ramifications. The widely anticipated “red wave” did not materialize at either level, and despite a challenging economic climate, Democrats had more success at the federal level than the sitting president’s party typically has during midterms. State Democratic candidates made substantial gains in various states but lost ground in others. These results — along with shifts in state supermajority control following 2022 redistricting and ongoing economic uncertainty — will affect not just the state political landscape, but also state tax policy for the foreseeable future.

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David Sawyer, Senior Manager, National Tax Department in Atlanta has contributed to this article.

Summary

The 2022 midterm election results — including shifts in control of several state legislatures and governorships — will have significant effects on state tax policy in the 2023 legislative sessions and beyond.

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By Scott Roberti

EY US State Policy Services Leader

Experienced Tax professional with an informed perspective on state tax policy, fiscal matters and business advocacy strategies.

Related topics Tax